NU Online News Service, Feb. 25, 10:27 a.m. EST
The Property Casualty Insurers Association of America (PCI) said it plans to lobby international regulators not to treat insurers as if they pose the same systemic risk as banks.
"Insurers do not represent a "systemic risk," and therefore should not be regulated like banking institutions, is the message PCI said it will deliver to the International Association of Insurance Supervisors (IAIS) meeting this week in Basel Switzerland.
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